System and Method for Real-Time and Online Straight-Through Processing and Presentment of Checks
First Claim
1. A method comprising:
- receiving a payment item for processing at a first financial institution, where the payment item is received from a customer via an incoming system associated with the first financial institution, the receipt of the payment item initiating a customer transaction performed at the incoming system;
during the customer transaction;
generating an image file associated with the received payment item;
processing the received payment item and generated image file for posting a transaction to a customer account at the first financial institution, where processing the received payment item includes generating a transit item associated with the received payment item;
transmitting the generated image file and the transit item to a second financial institution associated with the payment item, the second financial institution operable to post a transaction associated with the payment item, the transmitted image file, and the transit item; and
prior to completion of the customer transaction;
receiving, at the first financial institution, a notification from the second financial institution identifying the posting results of the second financial institution'"'"'s transaction associated with the payment item, the transmitted image file, and the transit item; and
performing a posting at the first financial institution based, at least in part, on the received posting results notification.
1 Assignment
0 Petitions
Accused Products
Abstract
Methods and systems, including computer programs encoded on a non-transitory medium, are disclosed for real-time and/or online straight-through processing, including the forward presentment and return processes of checks and other electronic payment instruments. In one aspect, an image file and transit item associated with a payment item received at a first financial institution are generated during a customer transaction. The image file and item are transmitted to a second financial institution associated with the payment item during the customer transaction performed at the incoming system. The image file and item are then processed and posted at the second financial institution in real-time, with a posting results notification being returned to the first system. During the customer transaction, the first financial institution performs a posting operation based on the posting results notification, thereby allowing the customer and financial institutions to complete the processing of the associated accounts during the customer transaction.
43 Citations
27 Claims
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1. A method comprising:
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receiving a payment item for processing at a first financial institution, where the payment item is received from a customer via an incoming system associated with the first financial institution, the receipt of the payment item initiating a customer transaction performed at the incoming system; during the customer transaction; generating an image file associated with the received payment item; processing the received payment item and generated image file for posting a transaction to a customer account at the first financial institution, where processing the received payment item includes generating a transit item associated with the received payment item; transmitting the generated image file and the transit item to a second financial institution associated with the payment item, the second financial institution operable to post a transaction associated with the payment item, the transmitted image file, and the transit item; and prior to completion of the customer transaction; receiving, at the first financial institution, a notification from the second financial institution identifying the posting results of the second financial institution'"'"'s transaction associated with the payment item, the transmitted image file, and the transit item; and performing a posting at the first financial institution based, at least in part, on the received posting results notification. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer storage medium encoded with a computer program, the program comprising instructions that when executed by data processing apparatus cause the data processing apparatus to perform operations comprising:
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receiving a payment item for processing at a first financial institution, where the payment item is received from a customer via an incoming system associated with the first financial institution, the receipt of the payment item initiating a customer transaction performed at the incoming system; during the customer transaction; generating an image file associated with the received payment item; processing the received payment item and generated image file for posting a transaction to a customer account at the first financial institution, where processing the received payment item includes generating a transit item associated with the received payment item; transmitting the generated image file and the transit item to a second financial institution associated with the payment item, the second financial institution operable to post a transaction associated with the payment item, the transmitted image file, and the transit item; and prior to completion of the customer transaction; receiving a notification from the second financial institution identifying the posting results of the second financial institution'"'"'s transaction associated with the payment item, the transmitted image file, and the transit item; and performing a posting at the first financial institution based, at least in part, on the received posting results notification. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A system comprising:
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an incoming system associated with a first financial institution adapted to; receive a payment item for processing from a customer associated with the first financial institution, where receiving the payment item initiates a customer deposit transaction; generate an image file associated with the received payment item; and transmit the generated image file to at least one middle tier server associated with the first financial institution; one or more middle tier servers in a middle tier system associated with the first financial institution adapted to; identify a second financial institution associated with the received payment item; process the received payment item and generated image file in preparation for posting a first transaction associated with the received payment item to a first customer account at the first financial institution, where processing the received payment item includes generating a transit item associated with the received payment item; transmit the image file and the transit item to a middle tier system associated with the second financial institution for posting and processing of the payment item; and one or more middle tier servers in a middle tier system associated with the second financial institution adapted to, during the customer transaction; receive the transmitted image file and the transit item from the middle tier system of the first financial institution; process the received transit item and image file in a posting process for a second customer account at the second financial institution associated with the payment item; transmit a posting result notification to the middle tier system associated with the first financial institution; and the one or more middle tier servers in the middle tier system associated with the first financial institution further adapted to; receive the posting result notification from the second financial institution; and perform a posting to the at the first financial based at least in part on the received posting result notification. - View Dependent Claims (26, 27)
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Specification